Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines - 2023
Contents:
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines (FOB) - 2023
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines (CIF) - 2022
- Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines
- Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines (FOB) - 2023
The average export price for handbags with outer surface of leather, composition leather, or patent leathers stood at $35.9 per unit in November 2023, surging by 18% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 32% against the previous month. As a result, the export price attained the peak level of $47.1 per unit. From August 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Hong Kong SAR ($48.1 per unit), while the average price for exports to China ($32.0 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines (CIF) - 2022
In 2022, the average import price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $9.2 per unit, reducing by -29.6% against the previous year. Over the period under review, the import price recorded a perceptible setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 4,967% against the previous year. As a result, import price attained the peak level of $21 per unit. From 2019 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($135 per unit), while the price for South Korea ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced a decline.
Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines
Exports of handbags with outer surface of leather, composition leather, or patent leathers from the Philippines contracted rapidly to 2.7M units in 2022, shrinking by -34.3% compared with 2021. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. Over the period under review, the exports of hit record highs at 12M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of handbags with outer surface of leather, composition leather, or patent leathers dropped dramatically to $97M in 2022. Over the period under review, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 119%. Over the period under review, the exports of hit record highs at $242M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 163 | 44.7 | 94.6 | 72.1 | -23.8% |
| Hong Kong SAR | 42.9 | 4.9 | 9.2 | 6.5 | -46.7% |
| Japan | 5.4 | 0.7 | 2.9 | 4.8 | -3.9% |
| Netherlands | 13.4 | 2.6 | 7.5 | 3.5 | -36.1% |
| China | 2.6 | 0.1 | 1.8 | 3.5 | 10.4% |
| Canada | 2.5 | 0.5 | 2.4 | 3.0 | 6.3% |
| Italy | 9.7 | 0.7 | 1.5 | 1.3 | -48.8% |
| Others | 2.8 | 1.6 | 1.9 | 2.5 | -3.7% |
| Total | 242 | 55.8 | 122 | 97.1 | -26.2% |
Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from the Philippines in 2022:
- United States (2020.3K units)
- Hong Kong SAR (148.6K units)
- Japan (130.9K units)
- China (105.2K units)
- Canada (85.0K units)
- Netherlands (84.6K units)
- Italy (35.0K units)
Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines
Imports of handbags with outer surface of leather, composition leather, or patent leathers into the Philippines skyrocketed to 7.2M units in 2022, picking up by 114% on 2021. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 130% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of handbags with outer surface of leather, composition leather, or patent leathers skyrocketed to $66M in 2022. Over the period under review, imports posted resilient growth. The growth pace was the most rapid in 2021 with an increase of 97% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 1.5 | 18.3 | 28.4 | 335.1% |
| Italy | 0.3 | 0.4 | 7.7 | 22.3 | 320.5% |
| China | 3.8 | 2.5 | 4.1 | 7.7 | 26.5% |
| Spain | N/A | 0.1 | 2.7 | 5.5 | 641.6% |
| Singapore | 47.1 | 17.1 | 9.8 | 0.6 | -76.6% |
| South Korea | 0.3 | 0.1 | 0.5 | 0.4 | 10.1% |
| United States | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Malaysia | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.6 | 0.5 | 0.6 | 0.8 | 10.1% |
| Total | 52.1 | 22.3 | 44.0 | 66.2 | 8.3% |
Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to the Philippines in 2022:
- China (3798.5K units)
- South Korea (1328.5K units)
- France (391.8K units)
- Spain (300.0K units)
- Malaysia (200.7K units)
- Italy (165.0K units)
- United States (115.6K units)
- Singapore (17.0K units)
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